Introduction/Overview
What this service is
Fovestta’s Statutory Compliance Management automates complex payroll-related legal obligations, generating accurate reports and filings that keep organizations audit-ready and penalty-free.
Why it’s importan
Non-compliance risks hefty fines, legal trouble, and damaged reputation. Manual tracking across multiple regulations is error-prone and time-consuming.
Who it's for:
HR & payroll teams in SMBs and enterprises requiring simplified, centralized compliance management, across industries and jurisdictions.
Key Features
Automated Statutory Filings
Generate EPF, ESI, PT, and TDS reports and forms automatically
Deadline Tracking & Alerts
Never miss compliance due dates with proactive reminders
Form 16 & 16A Generation
Auto-generate and distribute tax documents to employees
Multi-State & Multi-Entity Support
Policy configurations per jurisdiction and enterprise unit
Compliance Dashboard
Centralized view of compliance status, risks, and audit trail
Seamless Data Integration
Synchronize with payroll, attendance, and accounting systems
Audit Ready Documentation
Export ready-to-submit reports for labor inspections
Working Process
How It Works
1
Integration with payroll and attendance modules ensures accurate data.
2
System auto-calculates statutory contributions and deductions.
3
Compliance deadlines tracked with automated alerts to HR.
4
Reports/forms are auto-generated and digitally filed or archived.
5
Dashboard monitors compliance health and highlights issues.
6
Audit reports and history available anytime for regulatory needs.
Benefits
Avoid costly
penalties and legal disputes
Avoid costly
penalties and legal disputes
- HR gains full visibility with real-time compliance tracking
- Payroll teams reduce errors with automated calculations
- Finance teams access audit-ready reports easily
Multi-State PT Rules
Professional Tax compliance across 28 states.
Real-Time Law Updates
Automatic statutory regulation change tracking.
Audit-Ready Exports
Labor inspector ready compliance documentation.
Metrics/ROI
Compliance Accuracy
98%+ with automation
Time Saved
60% reduction in compliance management time
Penalty Avoidance
₹0 fines reported post-deployment
Audits Passed:
100% regulatory audit success rate
Use Cases / Scenarios
Tax Season Reporting
Effortless Form 16/16A issuance
Audit Preparation
Quick retrieval of statutory reports
Compliance Alerts:
Timely reminders avoid missed filings
Multi-State Business
Manage workforce compliance across states
Monthly EPF/ESI Filings
Auto-fill and file returns on deadline
Customer Story:“After implementing Fovestta, compliance audits are stress-free, and fines have dropped to zero.” – CFO, mid-sized IT firm
Screenshots/Mockups
Payroll dashboard overview
Salary structure setup
Payslip preview screen
Statutory reports export
Integrations
Payroll
Module
Attendance & Leave System
Accounting & ERP Software
Government e-Filing Portals
Security & Compliance
Data Security
Data encryption and secure backups
Role and access management controls
Compliance with IT Act, GDPR, and Indian DPDP Act
Audit trails for all compliance-related actions
Frequently Asked Questions
EPF, ESI, Professional Tax, TDS, and other regional labor laws.
Yes, the system adapts to various state-specific regulations.
It sends proactive email and dashboard alerts with reminders.
Yes, integration with government portals enables e-filing.
Multi-entity support ensures separate compliance per organization.
Complete audit trails and exportable reports are included.